Moral Criticisms of Capitalism: Paul Heyne's Thoughts!
Paul Heyne Yesterday I stumbled upon a lecture titled 'The Moral Critics of Capitalism' by Paul Heyne. It's a shame that I had never heard of him before. Paul Heyne, as I have come to know now, is the author of the acclaimed textbook "The Economic Way of Thinking" and was one of the legendary teachers of economics in United States. I loved this lecture which happens to be his last public lecture and was delivered on given February 17, 2000 in Seattle. In this lecture he talks about the moral criticisms of capitalism or as he would prefer to say 'market-coordinated' system. As a person who came to the field of economics from theology, he indeed has interesting perspectives on the morality of free market system. Previously an ardent Marxist, Haynes started reading economics when his friends suggested him that he might be on the right track by criticizing capitalism but it would help him if he studied some economics as well. He says later on he found that ...